DOWNTOWN PASCO DEVELOPMENT AUTHORI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

THOMAS GRANBOIS

Phone

5095461304

Tax Period

2022-01-01 to 2022-12-31

DOWNTOWN PASCO DEVELOPMENT AUTHORITY, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $763K in total revenue in fiscal year 2022. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

RELIEF OF THE DISTRESSED, BUSINESS EDUCATION, LESSENING THE BURDENS OF THE GOVERNMENT, LESSENING OF NEIGHBORHOOD TENSIONS, ELIMINATION OF PREJUDICE AND DISCRIMINATION, COMBATTING COMMUNITY DETERIORATION.

Program Service Accomplishments

Program 1

Expenses: $759,303 Revenue: $223,340

PROGRAMS INCLUDE A FARMER'S MARKET TO PROVIDE FRESH HEALTHY FOOD WITH 55 VENDORS PROVIDING TO 1,000 WEEKLY ATTENDEES. THE PASCO SPECIALTY KITCHEN HELPS ENTREPRENEURS OPEN THEIR FOOD INDUSTRY TO...

PROGRAMS INCLUDE A FARMER'S MARKET TO PROVIDE FRESH HEALTHY FOOD WITH 55 VENDORS PROVIDING TO 1,000 WEEKLY ATTENDEES. THE PASCO SPECIALTY KITCHEN HELPS ENTREPRENEURS OPEN THEIR FOOD INDUSTRY TO BUSINESS, IN THE CURRENT YEAR 24 CLIENTS WERE SERVED. CINCO DE MAYO IS A COMMUNITY CELEBRATION TO BRING THE TRI-CITIES TOGETHER AND CELEBRATE WITH TRADITIONAL MEXICAN FOOD AND MUSIC WITH APPROXIMATELY 15,000 ATTENDEES DURING 3-DAY WEEKEND. FIERY FOODS IS AN EVENT WHERE COMMUNITY MEMBERS PUT THEIR BEST SALSA UP FOR COMPETITION, WE HAD APPROXIMATELY 1,500 ATTENDEES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $539,961

Program Service Revenue $221,666

Investment Income $0

Other Revenue $1,674

TOTAL REVENUE $763,301

Expense Breakdown

Grants Paid $3,256

Salaries & Benefits $284,531

Fundraising Expenses $0

Program Expenses $759,303

Other Expenses $496,451

TOTAL EXPENSES $784,238

Year-over-Year Comparison

	2022	2021	Change
Revenue	$763,301	$601,902	+0.3%
Expenses	$784,238	$733,465	+0.1%
Net Income	$-20,937	$-131,563	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$46,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GABRIEL PORTUGAL	PRESIDENT	4.00	Officer Director	$0	$0	$0
KYLIE GRIMES	SECRETARY	4.00	Officer Director	$0	$0	$0
CLAUDIA TAPIA	TREASURER	2.00	Officer Director	$0	$0	$0
ALEXIA ESTRADA THRU 062022	DIRECTOR	1.00	Director	$0	$0	$0
JOSE INIQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA VIERA	DIRECTOR	1.00	Director	$0	$0	$0
JERRY MARTINEZ	EXECUTIVE DIRECTOR	40.00	Officer	$46,800	$0	$46,800

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$763,301	$784,238	$24,480	$-20,937
2021	$601,902	$733,465	$32,084	$-131,563
2020	$770,293	$625,757	$188,401	$144,536
2019	$469,568	$487,738	$22,839	$-18,170
2018	$422,229	$405,776	$26,272	$16,453

DOWNTOWN PASCO DEVELOPMENT AUTHORITY